ACTIVE

Mivalti

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Financial year 2025 · closed on 31/12/2025

Net result

470,6 k €

+26.9% YoY

Revenue

1,7 M €

+4.6% YoY

Equity

8,1 M €

+6.2% YoY

Workforce

134,9 ETP

+1.4% YoY

What does Mivalti do?

Mivalti is a Non-profit organization incorporated in 1976. Its main activity is: General secondary education. Its registered office is in Tielt. It employs on average 134,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.406.548

Incorporation

25/05/1976

Legal form

Non-profit organization

Registered office

Gruuthusestraat 36
8700 Tielt · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

134,9 ETP

Activities (NACE)

85314General secondary education· main 87202Residential care activities for mental retardation, mental health and substance abuse 87202Residential care activities for mental retardation, mental health and substance abuse

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	1,7 M €	+4.6%	1,6 M €	+5.2%	1,5 M €	+14.1%	1,3 M €	+5.9%	1,3 M €	+21.2%	1 M €	+1.4%	1 M €	+6.6%	967,7 k €	+5.3%	919,3 k €	+4.6%	878,7 k €	+4.4%	841,7 k €	-3.5%	872 k €	+1.5%	859 k €	+6.3%	807,9 k €	+4.2%	775,6 k €	+4.8%	740,1 k €	+1.4%	729,7 k €	+5.2%	693,3 k €	+2.9%	673,7 k €
EBITDA	1,3 M €	+53.3%	878,2 k €	-20.5%	1,1 M €	+55.8%	709,6 k €	-15.2%	836,5 k €	-30.6%	1,2 M €	+148%	485,6 k €	-8.4%	530,3 k €	+2.1%	519,5 k €	-15.3%	613,4 k €	+23.9%	495 k €	+12.3%	440,7 k €	+0.5%	438,6 k €	+64.3%	267 k €	+5.4%	253,3 k €	+16.9%	216,7 k €	+15.1%	188,3 k €	-58.7%	455,6 k €	+36.9%	332,7 k €
Operating result	473,6 k €	+50.4%	314,9 k €	-15.4%	372,4 k €	+72.6%	215,7 k €	-43.5%	382,1 k €	-50.8%	776,9 k €	+721%	94,6 k €	-42.8%	165,6 k €	-7.4%	178,7 k €	-27.0%	244,9 k €	+19.6%	204,7 k €	-12.2%	233,1 k €	+2.3%	228 k €	+367%	48,8 k €	-18.9%	60,2 k €	+214%	19,2 k €	+310%	-9,1 k €	-104%	256,1 k €	+92.1%	133,3 k €
Net result	470,6 k €	+26.9%	370,9 k €	+8.3%	342,4 k €	+149%	137,5 k €	-49.2%	270,5 k €	-60.7%	687,7 k €	+10.1%	624,4 k €	+134%	266,3 k €	-32.8%	396,2 k €	+173%	144,9 k €	+122%	65,3 k €	-21.7%	83,4 k €	-64.6%	235,3 k €	+158%	91,2 k €	+252%	-60 k €	+21.2%	-76,2 k €	+44.0%	-136 k €	-337%	57,5 k €	-41.4%	98,2 k €
Balance sheet
Equity	8,1 M €	+6.2%	7,7 M €	+6.5%	7,2 M €	+5.8%	6,8 M €	+3.1%	6,6 M €	+11.5%	5,9 M €	+13.3%	5,2 M €	+13.7%	4,6 M €	+6.0%	4,3 M €	+10.3%	3,9 M €	+3.3%	3,8 M €	+1.0%	3,8 M €	+1.2%	3,7 M €	+24.1%	3 M €	-45.7%	5,5 M €	-2.0%	5,6 M €	+150%	2,2 M €	-7.7%	2,4 M €	+0.2%	2,4 M €
Total assets	16 M €	+18.2%	13,5 M €	+3.5%	13,1 M €	+5.0%	12,5 M €	-0.2%	12,5 M €	+9.3%	11,4 M €	+16.7%	9,8 M €	+17.7%	8,3 M €	+3.5%	8 M €	+4.3%	7,7 M €	+6.3%	7,2 M €	-1.3%	7,3 M €	-1.1%	7,4 M €	+10.5%	6,7 M €	-30.1%	9,6 M €	+24.9%	7,7 M €	+94.6%	4 M €	-4.4%	4,1 M €	+1.7%	4,1 M €
Cash	1,1 M €	+11.5%	983,8 k €	+70.0%	578,6 k €	-45.6%	1,1 M €	-26.5%	1,4 M €	-1.7%	1,5 M €	+47.4%	999,8 k €	+33.1%	750,9 k €	+17.4%	639,8 k €	+62.3%	394,3 k €	+44.5%	272,9 k €	+108%	131,2 k €	-65.0%	375 k €	+6.1%	353,5 k €	-29.1%	498,5 k €	+1042%	43,7 k €	+424%	8,3 k €	-34.3%	12,7 k €	+575%	1,9 k €
Debts	6,9 M €	+41.0%	4,9 M €	-1.6%	5 M €	+0.5%	4,9 M €	-5.0%	5,2 M €	+3.6%	5 M €	+22.0%	4,1 M €	+24.4%	3,3 M €	-2.0%	3,4 M €	-8.2%	3,7 M €	+10.3%	3,3 M €	-3.9%	3,5 M €	-5.6%	3,7 M €	+0.1%	3,7 M €	-9.5%	4,1 M €	+103%	2 M €	+24.0%	1,6 M €	+1.1%	1,6 M €	+3.5%	1,5 M €
Other
Workforce	134,9 ETP	+1.4%	133,1 ETP	+0.5%	132,5 ETP	+1.7%	130,3 ETP	+7.3%	121,4 ETP	+0.2%	121,2 ETP	+5.0%	115,4 ETP	+14.3%	101,0 ETP	+7.8%	93,7 ETP	+3.1%	90,9 ETP	-0.1%	91,0 ETP	+3.2%	88,2 ETP	+2.0%	86,5 ETP	+5.1%	82,3 ETP	+1.2%	81,3 ETP	+2.9%	79,0 ETP	-1.0%	79,8 ETP	+0.4%	79,5 ETP	+5.4%	75,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 87 ended

Active mandates

Alain Nauwelaerts

Director · since 08 septembre 2020

Active

Hélène Dusselier

Voorzitter van de algemene vergadering · since 08 avril 2013

Active

Jan Maes

Director · since 08 avril 2013

Active

Ludwig Vanseveren

Director · since 08 avril 2013

Active

Philippe Dubaere

Chairman of the board of directors · since 08 avril 2013

Active

Stefaan Van Hulle

Director · since 08 avril 2013

Active

Barbara Bussels

Director

Active

Ended mandates

Barbara Bussels

Director · since 27 novembre 2023

Ended

Pascale Baert

Director · since 22 janvier 2015 · until 28 décembre 2018

Ended

Pascale Baert

Director · since 22 janvier 2015

Ended

Geert Snoeck

Director · since 03 juin 2014 · until 28 décembre 2018

Ended

At this address

Other companies at this address

Company	CBE no.
Steunfonds Mivalti● Active	0433.676.607

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/06/2026	24/06/2025	18/06/2024	07/06/2023	16/06/2022	22/06/2021
General meeting	15/06/2026	23/06/2025	17/06/2024	05/06/2023	30/05/2022	16/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	15/06/2026	16/06/2026	Dutch	PDF
Full model	31/12/2024	23/06/2025	24/06/2025	Dutch	PDF
Full model	31/12/2023	17/06/2024	18/06/2024	Dutch	PDF
Full model	31/12/2022	05/06/2023	07/06/2023	Dutch	PDF
Full model	31/12/2021	30/05/2022	16/06/2022	Dutch	PDF
Full model	31/12/2020	16/06/2021	22/06/2021	Dutch	PDF
Full model	31/12/2019	08/09/2020	10/09/2020	Dutch	PDF
Full model	31/12/2018	27/05/2019	12/06/2019	Dutch	PDF
Full model	31/12/2017	04/06/2018	14/06/2018	Dutch	PDF
Full model	31/12/2016	22/05/2017	29/06/2017	Dutch	PDF
Full model	31/12/2015	28/04/2016	07/07/2016	Dutch	PDF
Full modelCorrection	31/12/2014	20/05/2015	03/08/2015	Dutch	PDF
Full model	31/12/2014	20/05/2015	02/07/2015	Dutch	PDF
Full model	31/12/2013	03/06/2014	18/06/2014	Dutch	PDF
Full model	31/12/2012	12/06/2013	17/06/2013	Dutch	PDF
Full model	31/12/2011	26/06/2012	09/08/2012	Dutch	PDF
Full model	31/12/2010	06/07/2011	18/07/2011	Dutch	PDF
Full model	31/12/2009	06/07/2010	08/07/2010	Dutch	PDF
Full model	31/12/2008	10/06/2009	09/07/2009	Dutch	PDF
Full model	31/12/2007	28/05/2008	30/06/2008	Dutch	PDF
Full model	31/12/2006	19/06/2007	25/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 87 ended

Active mandates

Alain Nauwelaerts

Director · since 08 septembre 2020

Active

Hélène Dusselier

Voorzitter van de algemene vergadering · since 08 avril 2013

Active

Jan Maes

Director · since 08 avril 2013

Active

Ludwig Vanseveren

Director · since 08 avril 2013

Active

Philippe Dubaere

Chairman of the board of directors · since 08 avril 2013

Active

Stefaan Van Hulle

Director · since 08 avril 2013

Active

Barbara Bussels

Director

Active

Ended mandates

Barbara Bussels

Director · since 27 novembre 2023

Ended

Pascale Baert

Director · since 22 janvier 2015 · until 28 décembre 2018

Ended

Pascale Baert

Director · since 22 janvier 2015

Ended

Geert Snoeck

Director · since 03 juin 2014 · until 28 décembre 2018

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/01/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other06/05/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates26/10/2018
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025470,6 k €↑
2024
Annual accounts 2024370,9 k €↑
2023
Annual accounts 2023342,4 k €↑
2022
Annual accounts 2022137,5 k €↓
2021
Annual accounts 2021270,5 k €↓
2020
Annual accounts 2020687,7 k €↑
2019
Annual accounts 2019624,4 k €↑
2018
Annual accounts 2018266,3 k €↓
2017
Annual accounts 2017396,2 k €↑
2016
Annual accounts 2016144,9 k €↑
2015
Annual accounts 201565,3 k €↓
2014
Annual accounts 201483,4 k €↓
2013
Annual accounts 2013235,3 k €↑
2012
Annual accounts 201291,2 k €↑
2011
Annual accounts 2011-60 k €↑
2010
Annual accounts 2010-76,2 k €↑
2009
Annual accounts 2009-136 k €↓
2008
Annual accounts 200857,5 k €↓
2007
Annual accounts 200798,2 k €
25/05/1976
IncorporationNon-profit organization

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Mivalti

Overview

What does Mivalti do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline